Bend, OR - House Price Index (HPI)
Bend Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Bend, OR single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Thursday, June 18, 2015. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
10
Bend Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18474
3rd Quarter, 2014 Housing Statistics: Bend, Oregon


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      91%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Bend housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Bend is 91%. In other words, when tested against historical data,
the forecasting methodology was correct 91% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Bend is 91% during this period. If this Housing Market Forecast is correct, home
prices will be higher in the 3rd Quarter of 2015 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the Bend Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Bend housing market for the 3 years ending
with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend Prediction for
Bend is 85%. In other words, when tested against historical data, the
forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Bend is 85% during this period. If this Housing Market Forecast is correct, home
values will be higher in the 3rd Quarter of 2017 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the Bend Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Bend, Oregon


Historical Home Price Appreciation
Last Quarter                                     2.80%
Last Year . . . . . . . . . . . . . . . . . . . .  16.2%
Last 5 Years                                     23%
Last 10 Years . . . . . . . . . . . . . . . . . 25%
Last 20 Years                                   133%
Decline From All Time High               22.39%


Annual Home Price Appreciation Rates
1984        n/a
1985        n/a
1986      1.27%
1987      2.34%
1988      12.39%
1989      16.88%
1990      18.47%
1991      9.18%
1992      8.05%
1993      4.27%
1994      5.14%
1995      6.27%
1996      2.40%
1997      5.34%
1998      4.63%
1999      7.46%
2000      6.59%
2001      8.14%
2002      7.92%
2003      7.61%
2004      11.80%
2005      29.93%
2006      20.37%
2007      -4.85%
2008      -19.85%
2009      -20.25%
2010      -8.23%
2011      -0.73%
2012      3.97%
2013      22.02%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.80%         Rank: 77 of 381 (80th Percentile)
Last Year  . . . . . . . . . . . . . . . .  16.2%          Rank: 9 of 381 (97th Percentile)
Last 5 Years                              23%            Rank: 20 of 381 (95th Percentile)
Last 10 Years  . . . . . . . . . . . .   25%            Rank: 58 of 381 (85th Percentile)
Last 20 Years                            133%          Rank: 32 of 378 (91st Percentile)
Decline From All Time High        22.39%

The change in home prices for Bend-Redmond, OR are shown above for five
time periods. For example: Bend appreciated 2.80% in the Last Quarter. At that
rate, the Bend Real Estate Market was ranked 77th out of 381 metropolitan
Real Estate Markets. Bend was in the 80th percentile. So Bend, OR performed
better in the Last Quarter than 80% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Bend, Oregon

The all time high in the Bend Home Price Index was 297.5 in the 4th Quarter, of
2006. The 3rd Quarter, 2014 index value was 230.9. That's a decline of 66.63
points or 22.39% below the Bend Home Price Index all time high.  The Home
Price Index indicates that the Bend Market is up 25% over the last 10 years.
Home prices in the Bend Real Estate Market have gained 16.18% over the last
12 months.

The 3rd Quarter index value was 6.28 points higher than the 2nd Quarter, 2014
index value of 224.62, resulting in a 2.80% rise in the 3rd Quarter for the Bend
Market.

The Bend Home Price Index has increased for the last 9 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 13
consecutive quarters. The current record holder for consecutive declines in the
Home Price Index is Terre Haute, IN, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Bend Real Estate
Market was 36% in the twelve months ended with the 2nd Quarter of 2006. The
worst annual change in home values  in the Bend Market was -23% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Bend Real Estate Market over a three
year period was 78% in the three years ended with the 3rd Quarter of 2006.
The worst performance over a three year period in the Bend Market was -43%
in the three years ended with the 2nd Quarter of 2010.

This page provides a long term graph of the Bend Home Price Index (above).
For information about Oregon home values, click Real Estate Market Forecasts
in the navigation bar at the top of this page.  You'll see long term charts and
analysis that will provide tremendous insight into the historical trends of
residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Bend Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Bend Market. The terms House Price Index and Home Price Index, as used
in this site, refer to the Federal Housing Finance Agency (FHFA) House Price
Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Bend Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2014 Housing Data: Bend, Oregon

The trend of Bend Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 3rd Quarter of 2014, Bend Home Prices had a rank of 77, with
appreciation of 2.80%. The top performing real estate market during the 3rd
Quarter was Johnstown, PA, with a rise of 7.10%. The worst market during that
period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, Bend Home Prices had a rank of 9, with appreciation
during the year of 16.18%. The top performing market during the last year was
Madera, CA, with an increase of 19.4%. The worst real estate market during
that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, Bend Home Prices
ranked 20, with a total appreciation of 22.6%. The top performing real estate
market during the 5 year period was Merced, CA, with a growth in value of 45%.
The worst market during that period was Ocala, FL, with appreciation of -16%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, Bend Home Prices had a
rank of 58, with appreciation during the decade of 25%. The top performing
market during the period was Midland, TX, with a rise of 129%. The worst real
estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, Bend Home Prices had a
rank of 32, with total growth over the 20 year period of 133%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 229%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

Historical research data on the Home Price Index for the Bend Real Estate
Market is available back to the 4th Quarter, of 1985. All calculations are based
on the quarterly value of the House Price Index for Bend. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)





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